Nonprofit · EIN 04-6014162
PHI BETA EPSILON CORPORATION
Tax-exempt · CAMBRIDGE, MA 02139
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,038,842 | $706,310 | $332,532 | $10,615,547 | $1,435,623 | $9,179,924 |
| June 30, 2024 | 990 | $738,479 | $581,406 | $157,073 | $10,312,447 | $1,488,264 | $8,824,183 |
| June 30, 2023 | 990 | $789,313 | $724,984 | $64,329 | $10,247,485 | $1,539,407 | $8,708,078 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $23,001
- Program service revenue
- $951,331
- Investment income
- $64,510
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $23,430
- Salaries, compensation and benefits (total)
- $25,745
- Professional fundraising fees
- $0
- Program services (functional)
- $706,310
Balance sheet and other
- Total assets, start of year
- $10,312,447
- Total assets, end of year
- $10,615,547
- Total liabilities, end of year
- $1,435,623
- Net assets, end of year
- $9,179,924
- Land, buildings and equipment
- $9,110,490
- Publicly traded securities
- $1,351,450
- Gross receipts
- $1,038,842
- Employees
- 2
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROY RUSSELL | PAST PRESIDENT Trustee or director, Officer | 0 | $0 |
| PATRICK KORB | TREASURER Trustee or director, Officer | 0 | $0 |
| SASHA GALITSKY | SECRETARY Trustee or director, Officer | 0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROY RUSSELL | PRESIDENT Trustee or director, Officer | 0 | $0 |
| PATRICK KORB | TREASURER Trustee or director, Officer | 0 | $0 |
| SASHA GALITSKY | SECRETARY Trustee or director, Officer | 0 | $0 |
| STEVE CARHART | DIRECTOR Trustee or director | 0 | $0 |
| NATHAN BASINGER | DIRECTOR Trustee or director | 0 | $0 |
| JEFF WANG | DIRECTOR Trustee or director | 0 | $0 |
| BRENNAN HOPPA | UNDERGRADUATE PRESIDENT Trustee or director | 0 | $0 |
| NICK MARTIN | DIRECTOR Trustee or director | 0 | $0 |
| VIC RHOADS | DIRECTOR Trustee or director | 0 | $0 |
| DAVID HELLER | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVE CARHART | PAST PRESIDENT Trustee or director | 0 | $0 |
| NATHAN BASINGER | DIRECTOR Trustee or director | 0 | $0 |
| JEFF WANG | DIRECTOR Trustee or director | 0 | $0 |
| BRENNAN HOPPA | DIRECTOR Trustee or director | 0 | $0 |
| NICK MARTIN | DIRECTOR Trustee or director | 0 | $0 |
| VIC RHOADS | DIRECTOR Trustee or director | 0 | $0 |
| DAVID HELLER | DIRECTOR Trustee or director | 0 | $0 |
| ROY RUSSELL | PRESIDENT Officer | 0 | $0 |
| PATRICK KORB | TREASURER Officer | 0 | $0 |
| SASHA GALITSKY | SECRETARY Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 40 COTTAGE ST, CAMBRIDGE, MA 02139-3832
- In care of
- % PATRICK KORB
- Principal officer (990 for 2024)
- ROY RUSSELL, 40 COTTAGE STREET, CAMBRIDGE, MA 02139
- Signed the 990
- PATRICK KORB, TREASURER
- Phone
- (339) 970-1018
- Return prepared by
- DAKOTA TAX SERVICES LLC
Mission
ALUMNI ORGANIZATION FOR MIT FRATERNITY - AIMED AT SUPPORTING UNDERGRADUATE STUDENTS, BUILDING AND FOSTERING RELATIONSHIPS AMONGST ALL BROTHERS AND MAINTAINING BUILDING IN CAMBRIDGE.
Program accomplishments
- TO PROVIDE THE NECESSARY EQUIPMENT AND QUARTERS NEEDED TO MAINTAIN A CHAPTER OF PHI BETA EPSILON IN MASSACHUSETTS. PROVIDE NEWSLETTER WHICH CONTAINS INFORMATION ON CORPORATE ACTIVITIES, UPDATES FROM UNDERGRADUATES AT MIT AND STORIES/PICTURES FROM ALUMNI.Expenses $706,310 · revenue $1,015,841
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-6014162
- Tax-exempt status
- 501(c)(8): Fraternal beneficiary society
- Donations deductible (Pub 78)
- Organization other than a public charity or private foundation; Fraternal lodge, deductible only for charitable purposes
- Exempt since
- 1916
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $10,615,547
- Income (IRS master file)
- $1,038,842
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,038,842 | $706,310 | $10,615,547 | IRS |
| 990 | June 2024 | $738,479 | $581,406 | $10,312,447 | IRS |
| 990 | June 2023 | $789,313 | $724,984 | $10,247,485 | XML |
| 990 | June 2022 | $705,009 | $502,637 | $10,147,445 | IRS |
| 990 | June 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-6014162).
Questions about PHI BETA EPSILON CORPORATION
- What is the EIN of PHI BETA EPSILON CORPORATION?
- The employer identification number (EIN) of PHI BETA EPSILON CORPORATION is 04-6014162.
- Is PHI BETA EPSILON CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(8) since 1916.
- Are donations to PHI BETA EPSILON CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Organization other than a public charity or private foundation; Fraternal lodge, deductible only for charitable purposes).
- Which annual return does PHI BETA EPSILON CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PHI BETA EPSILON CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PHI BETA EPSILON CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PHI BETA EPSILON CORPORATION?
- The 990 for the year ended June 30, 2025 names ROY RUSSELL.
- Who are the officers and directors of PHI BETA EPSILON CORPORATION?
- The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does PHI BETA EPSILON CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,038,842, expenses of $706,310 and total assets of $10,615,547 at year end.
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